Quote:
|
Originally Posted by WTS - Ben
Another thing to add is that check signups tend to recur alot longer than credit card signups so that helps make up for the amount of checks that don't clear. We also have an in-house collections dep't that goes after those bad check writers. Adding an additional 30% in collections to your bottom line.
|
I have to give props to WTS where it's due. I am getting check recurrings from 3-4 years back!
Another big reason, check accounts do NOT expire unlike credit cards, which will easily make up for the higher possible returns/nsf's from your check processing.